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Leap Motion, a highly accurate device allowing users to control their PCs with gestures, will be embedded into a range of HP laptops. The controller is able accurately to detect the movement of 10 fingers at once, allowing for intricate gesture-based controls.

Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC."

Hewlett-Packard Co., the world’s largest PC maker, will cut 27,000 jobs, or about 8 percent of its staff, by 2014 to bring down costs and make the company more competitive in a changing marketplace.

The braggadocios Energy bunny likes to beat his drum and tell everyone he can keep going and going and going, but would you have guessed Hewlett-Packard would emerge as the real battery life master? HP just announced a couple of new wireless mice that, amazingly, are supposed to last two years or longer on a single charge, or so the company claims.

Hewlett Packard donates its mobile system software, WebOS, to the open source community and says it will continue to invest in the project. The tech company acquired the software when it bought the smartphone maker Palm for $1.2bn (£767m) last year. HP used the code to power its short-lived range Touchpad tablet computers before it abandoned the product line.

Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.

Hewlett-Packard Co. had its credit ratings placed on review for possible downgrade by Moody’s Investors Service after the company decided to keep its personal computer business.

Hewlett Packard says it has reviewed a plan to sell-off its personal computer division and it now intends to keep it.

Directors of the company were considering Meg Whitman, the former chief of eBay, to replace Léo Apotheker, sources said.

HP's decision to kill off its nascent tablet effort was stunning but at least it seemed decisive. But now the company is muddying the waters by suggesting that the fate of the TouchPad isn't sealed. HP's Todd Bradley said the company could still resurrect the device.